The Business Practice of Recovering Costs

The Business Practice of Recovering Costs

by Rob Mattern

The business practice of recovering costs directly related to legal matters has been in existence since law firms have been practicing law. A transparent, justifiable, and strategic cost recovery strategy is a vital component of not only a healthy law firm financial strategy, but a vital component of healthy attorney-client and firm-client relationships.

Mattern & Associates has completed its 6th bi-annual Cost Recovery Survey, marking a decade of gathering industry-wide data on cost recovery practices, and along the way dispelling myths surrounding cost recovery.
According to the 2014 Survey results, the majority of firms are invested in cost recovery strategies in one form or another, though alternative methodologies for recovery are trending.

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Customer Success

“Mattern did an excellent job collecting the information they needed to support the report and presentation in addition to the presentation to the Management Committee. The committee signed off during the meeting on the charge back model they recommended. I didn’t expect endorsement that soon, but I believe most of that was attributable to how well Mattern presented the cost recovery model. Nice work and we are very pleased with the outcome.”Duane Lites, Jackson Walker LLP

About Mattern & Associates

Mattern & Associates is the leader in legal business process consulting and cost recovery solutions. We provide law firms with unbiased strategies for measurably improving the efficiency and cost effectiveness of in-house and outsourced back and middle office services.